Vietnam’s $126mn cargo transshipment area bordering China to open in 2025
Vietnam’s $126mn cargo transshipment area bordering China to open in 2025
A cargo transshipment hub in Lang Son Province, northern Vietnam, near the border with China, is being developed at a cost of over VND3.2 trillion (US$126 million) and is slated to begin operations in 2025.
Representatives attend a Vietnam-China import-export networking forum in Lang Son Province, northern Vietnam, December 3, 2024. Photo: Bao Thang |
Hoang Khanh Duy, deputy head of the Dong Dang-Lang Son border gate economic zone management board, announced at a Vietnam-China export-import networking forum on Tuesday that the project’s first phase is underway and is expected to be completed and operational by the first quarter of 2025.
The first phase of the area covers 58 hectares of land in the Dong Dang-Lang Son border gate economic zone.
The project comprises transshipment and logistics services such as standard and refrigerated container yards, cargo warehouses, and a bonded warehouse.
In 2024, the average number of trucks carrying cargo for import and export through the province reached 1,300 per day, an increase of 18.2 percent compared to 2023, Duy said.
Since the start of the year, the import and export value has totaled an estimated $66 billion, a 27-percent year-on-year rise.
Some main exports include durian, with a total volume of 330,000 metric tons worth $1.4 billion, dragon fruit with 450,000 metric tons valued at $280 million, and jackfruit with 280,000 metric tons worth $200 million.
|
|
| Vice-chairman of Lang Son People’s Committee Luong Trong Quynh delivers his speech at a Vietnam-China import-export networking forum on December 3, 2024. Photo: Bao Thang |
Luong Trong Quynh, vice-chairman of Lang Son Province People’s Committee, said border gate commercial and economic activities and supporting services are seen as an economic spearhead.
The province is adopting multiple measures to boost exports and imports, especially agro-forest-fishery products.
It has also enhanced its investment in infrastructure and traffic projects to facilitate goods transport.
Besides, the province is piloting the operation of smart border gates which allow customs clearance around the clock.
Lang Son Province has strengthened its partnership with China’s Guangxi Province in spurring import and export activities, promoting trade, and expanding consumption markets.
The provincial leader pledged to support investment and business operations, as well as create favorable conditions for firms and investors.
A representative of Chongzuo City in Guangxi told the forum that between January and October, trade between the city and Vietnam amounted to over 129 billion Chinese yuan ($17.7 billion), up 8.6 percent year on year.
The volume of Vietnamese fruits imported into the city via border gates has topped 700,000 metric tons, specifically durian imports increasing 10.2 percent year on year.
